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Is Selma, AL 36701 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Selma is a buyer’s market. With about 6.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Competition score4/ 100

More competitive than 1% of U.S. ZIP codes, and #248 of 249 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply6.6Under 4 months = seller’s market
Sold above original list3.5%Share of sales, last 3 months
Median sale-to-list92.3%Sold price ÷ list price
Median days on market108Listing to accepted offer
Median price per sq ft$82▲ +10.2% vs. last year

The Selma housing market right now

In the three months ending August 31, 2026, 4% of homes in Selma, AL 36701 sold above their list price, the typical home went under contract in 108 days and there were 6.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 30 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (102 days then) and the median sale price rose 16% to $144,937. Overall, Selma is about as competitive as it was a year ago.

On our competition score, Selma ranks #248 of 249 AL ZIP codes with enough sales (score 4 out of 100).

Run the numbers for 36701

Prefilled for 36701Can I win this house?Multiple-offer likelihood for a listing Prefilled for 36701Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Marion Junction 36759 — /sq ftMinter 36761 — /sq ftOrrville 36767 — /sq ftSafford 36773 — /sq ft Browse all markets →

Towns like Selma nearby

Find towns like Selma in other states →
Marion, AL36756 · 24 miles away72% similarsmaller · more homeowners Greensboro, AL36744 · 39 miles away72% similarpricier homes ($28K more) · smaller Montgomery, AL36108 · 40 miles away71% similarcheaper homes ($34K less) · smaller Brent, AL35034 · 37 miles away70% similarpricier homes ($50K more) · smaller

Where Selma is

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Questions about Selma real estate

Is Selma a buyer’s or seller’s market?

A buyer’s market: there were 6.6 months of supply in Selma, AL 36701 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Selma?

The typical home went under contract in 108 days in the latest three months.

Do homes in Selma sell over asking?

4% of homes sold above their original list price, and the typical sale closed at 92.3% of the list price.

What are property taxes in Selma?

About 0.41% of a home’s value a year in Dallas County, or roughly $1,640 on a $400,000 home.

What is the median home price in Selma?

The median sale price was $144,937 in the three months ending August 31, 2026, about $82 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology